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Re: packerfan9 post# 7082

Friday, 02/18/2011 2:11:35 PM

Friday, February 18, 2011 2:11:35 PM

Post# of 55129
Well sorry again , you just don't know the rules. Ask any broker who is a market maker and they will tell you the same. The very phrase 15c211 comes from the 1933/1934 regulations on stocks and exchanges.Heck look up the securities and exchange acts yourself and you will see this.

You seem to be confusing SEC reporting rules, and requirements for financial statements under 15c211, two different things.

However you are right in practice many OTC stocks don't follow 15c211 requirement perhaps for years, but eventually will stop trading.

Also look up the "current information" disclosure on pink sheets website. Would be very curious if in your opinion that BTDG following those requirements.

However since it seems BTDG claims to follow US GAAP but seems to not do so in its statements, all of this perhaps academic at this point.

The important issues are (1) 1.5 million ounces of gold (2) definitive merger offer - BTDG's words - at $.04 (3) future of HIP HOP business.